Tesla’s stock jumped by approximately six percent this week according to Business Insider, coinciding with the company reaching its self-imposed production goal of 5…
Tesla’s stock jumped by approximately six percent this week according to Business Insider, coinciding with the company reaching its self-imposed production goal of 5,000 Model 3 sedans a week. The company reached their production milestone at approximately 5:00 a.m. local time on July 1. This was confirmed by Tesla in a regulatory filing on Monday which claimed that the company produced 5,031 Model 3 cars in the final week of the quarter. However, Tesla was forced to build a makeshift tent containing a production line comprised of spare parts in order to reach this goal.
Tesla CEO Elon Musk took to Twitter where he wrote “7000 cars, 7 days” this number includes Model S and Model X cars produced by the company.
Elon Musk wrote an email to staff following the completion of the production goal saying:
The head of Ford Europe was not as excited with Musk’s output as many in Silicon Valley:
The New York Times also previously reported that Tesla engineers decided during the rush to build the Model 3’s that approximately 300 welds in the body of the car were unnecessary,
Tesla workers also alternated between two 12 hour shifts per day to meet the companies production deadline, a work rate that is likely unsustainable.
And it isn’t just the human workers that are being pushed to breaking point, Tesla’s machinery is doing the same.
And as one journalist noted, Tesla’s factory appears to be held to much lower cleanliness standards than other car manufacturing facilities:
Tesla currently still has 420,000 Model 3 car orders left to fulfill and plans to increase output from 5000 cars a week to 6000, whether or not their workers and machines can handle this speed still remains to be seen.
